On March 31, TCL Electronics made an announcement on the Hong Kong Stock Exchange, revealing that its wholly-owned subsidiary, TTE Corporation, had entered into a transaction framework agreement with Sony after trading hours on the same day, March 31, 2026. Under this agreement, the two entities will jointly establish a venture to take over Sony's home entertainment operations, encompassing TVs and audio products. TTE will secure a 51% stake in the joint venture, while Sony will hold the remaining 49%. Additionally, TTE will purchase 100% of the equity in Sony's Malaysian subsidiary, SOEM, for an approximate sum of HK$3.781 billion. The transaction is set to close on April 1, 2027, pending government approval. The newly formed company aims to leverage the combined strengths of both parties in display technology, branding, and supply chain management to expedite its expansion into the high-end market.